That, on the recommendation of the Managing
Director, Corporate Services and City Treasurer, Chief Financial Officer, the
proposed by-law included as Appendix ‘A’ to the staff report dated November
29, 2016 BE INTRODUCED at the Municipal Council meeting on December 6, 2016
to:
a) authorize
and approve an Amending Agreement, substantially in the form attached as
Schedule “1” to the by-law and to the satisfaction of the Managing Director,
Corporate Services and City Treasurer, Chief Financial Officer and the City
Solicitor, between The Corporation of the City of London and London Community
Players (LCP), to amend the City of London’s original $100,000 Loan Agreement
by deleting all mortgage references to “$400,000.00” and by replacing them
with “$350,000.00”; and,
b) authorize
the Mayor and the City Clerk to execute the Amending Agreement authorized and
approved in a) above.
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